They're certainly saying all the right words, but after their history, everyone's waiting to see them execute.

There's no denying that AMD's presence has changed the rules for Intel.

They learned a lot about tuning in their manufacturing with the K6, ... They're much more efficient now.

Intel is coming off a time when nobody got fired for buying Intel. Their hardware sold at a premium. We've been watching prices drop like falling rain over the past two years. But the company has a cost structure like the good old days.